Business Partnership Agreements

Whether you're just starting out in your partnership or you've been up and running for years, we can help you to create, review and amend a business partnership agreement.

Bespoke agreements

Reviewing existing agreements

Changing agreements

Dissolving partnerships

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Do you need a Partnership Agreement for your business?

A partnership agreement outlines the duties and responsibilities of each partner, as well as how income and losses are split. It helps to protect the interests of each partner by ensuring that all parties are aware of their rights in regards to ownership, decision-making, and liabilities.

It also sets out the roles and expectations for each partner, ensuring that everyone is on the same page when it comes to how the business is run. A clearly defined agreement helps to prevent misunderstandings and disputes from becoming an issue.

Having a lawyer review or draft your partnership agreement can help to ensure that the agreement is comprehensive and protects the interests of all partners. A lawyer can also help you to understand the various laws and regulations that may apply in your particular situation. This can be especially helpful if there are any complex provisions contained in the agreement.

What does a Partnership Agreement include?

A partnership agreement should include the following:

The roles and responsibilities of each partner
How profits and losses will be divided
Allocation of authority to make decisions or sign contracts
Approval or veto rights for major business decisions
Rights of first refusal on new business opportunities
Outline of dispute resolution processes
Definitions of what constitutes a dissolution of the partnership

Depending on your needs and particular situation, there may be other items that need to be included in your agreement as well.

What if you don't have a Partnership Agreement?

If you don’t have a partnership agreement in place, then the default laws will apply.

This means that each partner will have equal rights to make decisions and could be personally liable for any debts or obligations incurred by the business. Without a written agreement, it also becomes much more difficult to resolve disputes between partners.

Having a written partnership agreement is essential for any business partnership. A good agreement will protect the interests of each partner and ensure that everyone knows their rights and responsibilities. It can also help prevent disputes from arising and make it easier to resolve them should they occur.

Can you change a partnership agreement?

Yes, a partnership agreement can be changed or altered. It is important to review the agreement regularly and make sure that it reflects the current needs of the business.

In addition, any changes to the agreement must be agreed upon by all partners and should be documented in writing. This ensures that everyone is aware of any changes and prevents misunderstandings from arising.
It is also important to update the partnership agreement if there are any major changes in the business such as a change of ownership or addition of new partners.

Having an up-to-date and comprehensive partnership agreement in place is essential for any business partnership. It helps to protect the interests of each partner, ensure that everyone is on the same page, and can help to avoid disputes from arising.

We can help you with:

Clearly detailing how profits and losses should be distributed Outlining rights and responsibilities Terms regarding dispute resolution procedures, termination of the agreement and indemnification clauses

Legally binding partnership agreements that meet your needs and provide protection for all parties involved Structuring small business partnerships Considerations of legal issues such as taxation, liability issues, and intellectual property rights

Why Neathouse Partners?

Renowned expertise

Our team comprises of industry leaders and specialists dedicated to staying ahead of the curve in the latest Employment Law, Health & Safety and HR developments.

Services tailored to you

A fully bespoke 1-2-1 client-adviser model, offering a dedicated, fully qualified and experienced advisor to each client, who can handle all documentation and queries on their behalf.

Fixed fees

We base our prices on fixed monthly retainers, so you and your business receive an unlimited service without unexpected bills. This helps you to budget for your HR and Employment Law spend.

What our clients say about us

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“As a company, we have used Neathouse for a number of years. The service throughout has been exceptional. All matters are dealt with in a prompt and efficient manner. James and Gwyn are always on hand to deal with any issues and have provided detailed employment contracts, staff handbooks and advised on complex matters. I would highly recommend Neathouse as a trusted HR partner.”

Amanda Chalmers Executive Assistant Stretton Capital

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“A great service - fast, professional and friendly with accurate information on all things HR.
Full outsourced HR service is provided giving us peace of mind that we remain compliant”

Steve Griffith Business Manager St Gerard's School Trust

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“Having used the services of Neathouse Partners for many years, I’m confident to say that their employment law advice is commercial and focused on the answer rather than the journey! I have recommended the team to many other businesses and have never heard a bad word said.”

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FAQ

Frequently asked questions about Neathouse Partners.

What geographical areas does Neathouse Partners cover?

We offer services to all businesses and organisations located in England, Wales and Scotland.

Does Neathouse Partners cover my industry?

We provide HR and employment law services across a range of industries, including:

Health and social care
Retail
Hospitality and leisure
Charities
Construction
Engineering and manufacturing
Commercial cleaning
Healthcare

Visit our industries page for more information on the sectors we cover. If you can't find what you're looking for, get in touch and we'll let you know if we can cover your industry.

What makes Neathouse Partners different from other service providers?

We pride ourselves on our professional yet personal service, and build close working relationships with our clients so that we remain accountable for the advice we give. We provide personalised solutions to our clients, tailoring them to their unique business challenges while making them compliant with UK employment law and HR best practices.

As a business owner, you need to focus on what’s really important to your business, with the peace of mind that we're looking after your HR requirements. We draft, edit and prepare your documents on your behalf, so that you can focus on your business knowing you’re fully compliant.

We're a small collective of specialist qualified employment lawyers and HR experts, delivering an outcome-focused end-to-end service that helps you to operate at your best and comply with both UK law and HR best practices.

You’ll be given your own personal HR Consultant or Employment Lawyer, who'll take their time to really get to know you, your business, and how you operate. This enables us to support what’s right for your business, whenever you need it. Our unique offering of lawyer-led employment law services, combined with expert HR advice, means that we can provide a seamless and consistent service to our clients. Unlike other companies offering HR solutions, our services always come at a fixed cost, enabling you to easily budget for your HR requirements, with no financial surprises later down the line. There’s no usage limits and no hidden extras. You can rest assured that all of your HR and employment law requirements are covered.

Which sizes of companies does Neathouse Partners help?

Neathouse Partners caters to a diverse clientele, accommodating the needs of everyone from small businesses with a single employee to large-scale organisations with 7,000 or more employees.

Have inquiries?

Contact our experts

Contact us, and our team will get back to you within 24 hours. We value your questions and are committed to getting them answered quickly.

We offer unlimited HR and employment law advice, covering all matters throughout the employee lifecycle.

Neathouse Partners provide redundancy advice for employers. Our solution-driven, personal service ensures that employers have access to a named and dedicated HR or employment lawyer to help them expertly navigate HR best practice and employment law, regardless of how complex the issue may seem.

Plan, manage, and monitor health and safety in the pre-construction and construction stages of your project.

Support your staff when they are struggling.

Thinking of giving up your business in favour of an EOT? Learn more >

Lawyers at our firm can draft, prepare, review, evaluate and resolve numerous commercial agreements on your behalf.

We provide specialised HR and Health & Safety services for the health and social care.

We offer unlimited HR and employment law advice, covering all matters throughout the employee lifecycle.

Neathouse Partners provide redundancy advice for employers. Our solution-driven, personal service ensures that employers have access to a named and dedicated HR or employment lawyer to help them expertly navigate HR best practice and employment law, regardless of how complex the issue may seem.

Plan, manage, and monitor health and safety in the pre-construction and construction stages of your project.

Support your staff when they are struggling.

Thinking of giving up your business in favour of an EOT? Learn more >

Lawyers at our firm can draft, prepare, review, evaluate and resolve numerous commercial agreements on your behalf.

We provide specialised HR and Health & Safety services for the health and social care.

Business Partnership Agreements

Experience the undeniable success of our services – as reflected in our exceptional ratings

Do you need a Partnership Agreement for your business?

What does a Partnership Agreement include?